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Market Leadership - Wire-to Board Connector Market

The wire-to-board connector market is expected to grow from USD 3.55 Billion in 2015 to USD 4.73 Billion by 2022, at a CAGR of 4.18% between 2016 and 2022. The base year considered for study is 2015, and the forecast is provided for the period between 2016 and 2022. The application in the automotive industry for infotainment and safety systems is expected to offer growth opportunities to the connector market. The rising demand for consumer electronics and communication devices is also boosting the usage of wire-to-board connectors.

The wire-to-board connector market is highly competitive with a significant number of players in the competitive market. The market is dominated by the APAC region, followed by the Americas. On one side where big companies are dominating the market with their brand image, on the other side, the small players, by providing the low-cost components, generating the pricing pressure in the market. As of 2015, the wire-to-board connector market is dominated by TE Connectivity Ltd. (Switzerland), Molex Incorporated (U.S.), Amphenol Corporation (U.S.), Japan Aviation Electronic Industry, Ltd. (Japan), Samtec Inc. (U.S.), C&K Components Inc. (U.S.), Kyocera Corporation (Japan), J.S.T. MFG. CO. LTD. (Japan), Harting Technology Group (Germany), WAGO Holding GmbH (Germany), and Earni Group (Switzerland). These players have a strong presence in the wire-to-board connector market and provide a wide range of new products for application in automotive, consumer electronics, telecommunication, and industrial instrumentation industries.

New product launches is the key strategy adopted by the players to achieve growth and to stay competitive in the wire-to-board connector market, which accounted for a share of ~75% among all the growth strategies. The rising demand for fast communication between the devices and miniaturizing of the electronic systems encouraged companies to adopt this strategy. Besides this, acquisitions and agreements are also followed to strengthen their market share and position in the overall wire-to-board connector market globally.

Molex Incorporated (U.S.) has a strong presence in the wire-to-board connector market. The company’s core strategy is to get into strategic acquisitions to expand its market in the field of automation, robotics, and other industrial applications. For instance, Molex Corporation acquired Westec s.r.l (Italy) that offered Molex an access in the heavy-duty connector market. Another important strategy the company accepted is new product developments to grow in an organic fashion. For instance, Molex, in 2015, introduced Super Sabre Power Cconnector System used for high current applications such as automotive, appliance, medical, industrial control industries and datacom.

Amphenol Corporation (U.S.) is one of the major connector manufacturers offering connectors for audio & video, PCBs, industrial and MIL specifications, and accessories. Amphenol adopted new product launches as a key growth strategy, delivering superior customer value through its offerings. The company also has a worldwide reach with huge sales and distribution network and continuously increases its product portfolio. For instance, in January 2016, the company launched four-channel 10GBASE-T, XAUI connector products, which are used in various industries, namely, aerospace, military, and industrial instrumentation.

Related Reports:

Wire-to-Board Connector Market by Pitch Size (0.8, 1.0, 1.25, 1.27, 2.0, 2.5, 2.54, 3.0, 3.3, 3.96, 5, 7.92, and 10.16), Style (Accessory, Header, Housing, Plug, Receptacle, and Socket), Application, and Geography - Global Forecast to 2022

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